Brokerages Set BlackPearl Resources Inc. (PXX) Target Price at $1.53

Shares of BlackPearl Resources Inc. (TSE:PXX) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$1.53.

A number of research analysts have weighed in on the stock. Scotiabank lifted their price objective on shares of BlackPearl Resources from C$1.20 to C$1.50 and gave the company a “sector perform” rating in a report on Friday, November 4th. RBC Capital Markets lifted their price objective on shares of BlackPearl Resources from C$1.25 to C$1.50 in a report on Thursday, October 13th. TD Securities lifted their price objective on shares of BlackPearl Resources from C$1.10 to C$1.25 and gave the company a “hold” rating in a report on Wednesday, August 10th. Royal Bank Of Canada lifted their price objective on shares of BlackPearl Resources from C$1.25 to C$1.50 in a report on Thursday, October 13th. Finally, Canaccord Genuity lifted their price objective on shares of BlackPearl Resources from C$1.50 to C$1.75 and gave the company a “speculative buy” rating in a report on Wednesday, October 12th.

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BlackPearl Resources (TSE:PXX) opened at 1.80 on Friday. BlackPearl Resources has a one year low of $0.47 and a one year high of $1.90. The stock’s market capitalization is $604.16 million. The company has a 50-day moving average of $1.55 and a 200-day moving average of $1.23.

About BlackPearl Resources

BlackPearl Resources Inc is an oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. The Company’s primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.